The Board of Directors of Daleco is a group of highly respected individuals who are providing the needed guidance to senior management as the company changes to take advantage of the current assets and the growth opportunities present to it.

Michael D. Parrish (49)Position: Chief Executive OfficerMr. Parrish became the Chief Executive Officer and a Director of the Company effective May 2012. Mr. Parrish was Chairman and Chief Executive Officer of Environmental Infrastructure Holdings Corp. ("EIHC") from December 2009 through August 2012. Prior to his positions with EIHC, Mr. Parrish was Founder, President and CEO of Equisol, LLC, an environmental services company specializing in industrial air, water and ground instrumentation. Prior to his tenure with Equisol, Mr. Parrish held various executive positions in several General Electric companies where he served in positions such as General Manager for global logistics and services for GE's water business, and earlier, as Managing Director for GE Capital specializing in e-commerce, Six Sigma, and productivity of several of GE's equipment management groups. Prior to GE, Mr. Parrish served for 14 years active duty in the U.S. Army where he held various leadership positions of increasing responsibility as an Army Aviator culminating as a member of the Army Acquisition Corps. Mr. Parrish has a bachelor's degree in engineering from the U.S. Military Academy at West Point, as well as a master's degree in astronautical engineering from Stanford University and an MBA with honors from the Wharton School of the University of Pennsylvania. He is the past President of the West Point Society of Philadelphia and serves on the advisory boards of the USO of SEPA/NJ and the United States Military Academy at West Point.

Gary J. Novinskie (62)Position: PresidentMr. Novinskie has been the President and Chief Financial Officer of the Company since October 1996 and was previously the Chief Operating Officer of Deven Resources, Inc. Mr. Novinskie has been a member of the Board since August 2007. Prior to his employment with Deven Resources, Inc., Mr. Novinskie was a Vice President of Broad Street Financial Company, a privately held holding company in Columbus, Ohio for four years. Mr. Novinskie also served as the President of Omni Exploration, Inc., a public oil and gas company for seven years, as Vice President in the Energy Lending Department of the Huntington National Bank in Cleveland, Ohio, and has held various engineering and management positions during his career with Amoco Production Company at various locations throughout the United States. Mr. Novinskie holds a B.S. from the Pennsylvania State University in Petroleum and Natural Gas Engineering, and an M.B.A from Case Western Reserve University, majoring in Banking and Finance.

Robert E. Martin (84)Mr. Martin has been a member of the Board since April 2008 and has been a director and the President of CAMI since January 2008. Mr. Martin serves as a member of the Non-qualified Independent Director Stock Option Plan Committee of the Board. From September 2000 to May 2005, Mr. Martin was a member of the Board. From 1994 to September 2000 (when the Company acquired CAMI), Mr. Martin was a director and officer of CAMI and its affiliates. Mr. Martin previously was a Regional Vice President for Kaiser Aluminum, Vice President of Sales and Executive Vice President for Lively Equipment Company, and the owner of R.E. Martin Investments and R.R. Martin Sales. Mr. Martin is a retired Brigadier General in the U.S. Air Force Reserve. Mr. Martin is a graduate of Park University. He obtained a Master's degree equivalent in Electrical Engineering through a joint program between the U.S. Air Force and the University of Denver. He also attended Tulsa University Law School and did post graduate work at Oklahoma State University and the University of Oklahoma.

Charles T. Maxwell (81)Mr. Maxwell has been a member of the Board of Directors of the Company since January 2006. Mr. Maxwell was educated at Princeton University as an undergraduate and Oxford University as a graduate. Mr. Maxwell entered the oil industry in 1957 and worked for Mobil Oil Company for 11 years in the United States, Europe, the Middle East and Africa. His background has been in four traditional sectors of the industry - producing, refining, transportation, and marketing. In 1968, Mr. Maxwell joined a well-known Wall Street Firm as an oil analyst. In polls taken by Institutional Investor magazine, Mr. Maxwell was ranked by the US financial institutions as the No. 1 oil analyst for the years 1972, 1974, 1977 and 1981-1986. In addition, for the last 22 years, he has been an active member of an Oxford based organization comprised of OPEC and other industry executives from 30 countries who meet twice a year to discuss trends within the energy industry. Mr. Maxwell is currently affiliated with Weeden & Co., LLP, Greenwich, Connecticut. Mr. Maxwell is also a director of Chesapeake Energy Corp.

Grant Lin (51)Mr. Lin is the Managing Director of Far East Investments, LLC. He is also founder and owner of V Channel, an interactive TV shopping channel currently broadcasting 24/7 from Los Angeles, CA to the United Kingdom. Previously, he served as CEO of Far East Industrial Stock Co., Ltd China. Mr. Lin has wide international connections in investing, trading, and manufacturing in Asia, the United States, and the United Kingdom.

Li Chi Kong (52)Mr. Li has over thirty years of entrepreneurial and leadership experience, having led and created several ventures in China. For the past ten years, Mr. Li has been the Chief Executive Officer of DTE Investments, a natural resources trading company throughout Asia. Previously, he was a Chinese based real estate developer and serial entrepreneur. Earlier in his career, he was the senior executive and partner responsible for the creation of the Fanda's computer manufacturing facility prior to the creation of Lenovo Corporation.

Michael M. CarterMichael M. Carter is the CEO and President of BizEquity, the first patented and leading online business valuation service. Mr. Carter is also Managing Director of The Musser Group, where he works with entrepreneurs to help finance, structure and grow companies. In his career so far, Michael has assisted in raising more than $150 million in capital as an executive or founder of technology companies and has been affiliated with and has helped to create over $1.2 billion dollars in shareholder equity. He has founded three technology companies and served as an executive officer of a billion dollar publicly traded technology services firm.

Stanley PorfidoStan Porfido possesses extensive professional experience in natural resources and has led the sales efforts at multiple firms. Mr. Porfido is the former President and CEO of ERM-ENVIROCLEAN INC. where he grew the business from $10 million per year with profit of $600,000 to $55 million per year business with profits of $4.8 mullion per year. A graduate of Stevens Institute of Technology, his most recent position was President and CEO of DOW-RADIAN INC., where he increased revenues by 120% in three years without acquisitions. He has been a member of the board for several publicly traded companies.

Raymond SobieskiRaymond Sobieski possesses more than thirty years of entrepreneurial and leadership experience, having founded several manufacturing firms and an early e-commerce company. Mr. Sobieski most recently served as President and CEO of TE Wire & Cable, a specialty wire & cable manufacturing firm focused on the Aerospace industry. He has developed strong relationships with major firms including Boeing, Airbus, GE Energy, GE Aerospace, Lockheed Martin and others. At TE Wire he had success in expanding international markets in the UK, Europe and Far East, while drastically increasing overall revenues. Currently Mr. Sobieski is a private investor and partner in the ARC Angel Fund. A CPA, Mr. Sobieski has an MBA from the Wharton School.